Types of Life Insurance Policies

We have all heard about the relevance of buying life insurance at some point and even thought of getting one. But do you know the types of life insurance policies and the recommended ones to consider for your needs? In Hope Hills, NC, Cross Creek Insurance is here to give you guidance and direction on the types of life insurance policies and help you get the right one.

Whole Life Insurance Policy

As long as you pay the premiums, this type of life insurance policy lasts until your death. There is a guaranteed rate of return on the policy’s cash value in this type of life insurance policy. This is because the premiums stay the same, and the death benefit amounts don’t change. The whole life insurance policy is beneficial as it provides coverage for your entire life as builds cash value.

Term Life Insurance Policy

As the name suggests, this types of life insurance policy provide coverage for a specific period. The coverage amounts vary on the policy depending on the premiums you are willing to pay.

Group Life Insurance Policy

While this type of life insurance policy is not mandatory in Hope Hills NC, it is essential to employers who seek to offer workplace benefits to their staff. The basis of the premiums is as a group and not individually. As a benefit, the coverage comes for free to the employees with the option of buying individual supplemental life insurance if need be.

Endowment Life Insurance Policy

With this type of life insurance policy, you have a combination of savings and protection. When the policyholder meets an untimely death, the insurance provider promises to pay an assured sum to the nominee. However, the policyholder receives the total payout as the maturity benefits if there is survival of the policy term.

At Cross Creek Insurance, we commit ourselves to provide the right guidance and direction on life insurance policies. Reach out today and let us help meet your insurance goals.

Commercial Insurance Add-ons to Consider

Small business owners in Hope Hills, NC, operate on a tight budget, and expenses like insurance that don’t generate day-to-day revenue can easily fall on the wayside. Sadly, if you ignore insurance for your business, it can end in disaster when the unexpected strikes. 

While most businesses adhere to the state-required business insurance coverages, Cross Creek Insurance shares commercial insurance add-ons you should budget for to get the best out of your business insurance coverage. Besides the mandatory required workers’ comp and commercial auto insurance coverages, other add-ons you can consider for your business insurance include:

  • Commercial property insurance: It covers your business assets like the building, inventories, computer equipment, and furniture from risks like theft, vandalism, fire, and other natural calamities. You can bundle this coverage with business interruption insurance to protect your revenues when your business operations are in jeopardy. 
  • General liability insurance: Whether an online, home-based, or traditional business, you need general liability insurance to protect your business and employees against bodily injury, property damage, and advertising injury caused to third parties.
  • Business owner’s policy (BOP): This insurance bundles property insurance and business general liability coverage. Businesses looking to save costs on insurance can consider BOP since it’s more affordable. 
  • Cyber liability insurance: If you store sensitive customer data, this coverage protects you when there is a data breach. 
  • Professional liability insurance: This coverage protects your business from alleged negligence or missed deadlines when rendering professional services. This coverage is applicable for businesses like accounting, legal, auditing, and investment professions, where stakeholders rely on your professional advice to make decisions.
  • Umbrella insurance: You are aware that expensive lawsuits can wipe your assets, eating away all the gains you have made over the years. Thankfully, umbrella insurance provides an extra layer of liability protection for claims exceeding your typical commercial insurance.

Would you like to boost commercial insurance for your Hope Hills, NC business? Please contact Cross Creek Insurance for a personalized quote.

Factors to Consider When Getting Home Insurance

Signing up for home insurance means leaving your home in the hands of a team that you have just met. It is an aspect that will likely leave you with two options; a costly mistake that means paying for inadequate coverage on your property or long-term investment that allows you to enjoy guaranteed security on your home. To help you achieve the latter, Cross Creek Insurance explains what to be on the lookout for when getting home insurance in Hope Hills, NC.

The Cost of Rebuilding Your Home

While some hazards around the home can be avoided, some will generally fall out of your control, with most weather phenomena falling in the second category. If your home suffers any property damage, you need to know that your insurance can take care of repair costs. With this in mind, first, evaluate the cost of home repairs around your area. This means taking into account labor costs as well as the costs of materials used to construct your house.

The Contents of Your Home

Apart from your home’s external components, your home belongings also play a prominent role in the type of home coverage that you get. Take into account the cost of your items, such as furniture, electronics, and valuables such as jewelry. An inventory can help with this and will go a long way in helping you estimate each item’s value and for evidence’s sake when you need to make a claim.

The Specifics of Your Cover

The majority of homeowners insurance will cater to your home’s possessions, the building structure, and liability claims. While this seems like a fair deal, make it a point to check for other specifics that can affect your compensation, such as fires, floods, mold, and sewage. Confirm with your insurance company if these items are covered and if not covered, get extra coverage for your home.

Getting value from your home insurance requires custom coverage based on your needs, an area that Cross Creek Insurance can help with. For more information on home insurance, contact our Hope Hills, NC agents today.

What Do I Do After an Accident?

If you happen to get into a car accident, you might want to run. If you do this, you will likely create legal trouble for yourself, where there might have been none.  In Hope Hills, NC, just like it is countrywide, it’s a crime to flee the scene of an accident.

Here is what you should do after an accident stay on the right side of the law, make a successful insurance claim, and maybe even save lives. You will likely have an easier time getting your compensation after this whole process if you have your auto insurance policy under Cross Creek Insurance. 

Examine Yourself and the Accident Scene for Injuries

Though not all accidents result in serious injuries, it’s vital that you check yourself and the others involved in the accident for injuries. Call 911 immediately or ask someone to help you do so if you are seriously injured or notice someone with serious injuries. Make sure you switch off the engine and get to safety as you wait for emergency services. 

Exchange Information

Once you deal with the injuries and examine the damage to the vehicles, you can exchange information with the other driver. The information you exchange should include insurance information and contacts. According to Cross Creek Insurance, you should make sure that you get the license plate number, vehicle model, and driver’s license information of the other parties involved in the accident. 

As you do this, also take some time to document the accident. Identify the officers who responded to the scene and take pictures of the accident. It would also help to talk to witnesses and get their contact information. 

Get in Touch With Your Insurer

You must notify your insurer about the accident you are involved in as soon as possible. Call them while still at the scene to tell you what they need to fulfill your claim.

If you’ve any questions regarding auto insurance in Hope Hills, NC, do not hesitate to reach out to us for answers.

How much life insurance is enough

One of the most important decisions you will ever make is how much life insurance is enough. Having an independent insurance agent who knows you and whom you can trust with your life is essential. In Hope Hills, NC Cross Creek Insurance is your local independent agency. We take our responsibility to provide the finest customer services seriously. With more than 20 years of experience, we are happy to share that experience with our customers. 

How much life insurance is enough is not a simple one size fits all answer. To come up with an amount that is right for you, several things have to be considered. After you have analyzed the answers to the following questions, you will be better able to come up with a figure that makes sense. 

Who depends on you?

Are you responsible for providing monetary support to anyone beyond yourself? If you are young and single and your parents and siblings are all financially independent, you may need very little life insurance. One thing to keep in mind, however, is whether or not you plan to marry and have children at some point in your life. If that is the case, you will never find life insurance at a lower rate than when you are young and healthy, 

How much money do you owe?

You should have enough life insurance to cover any debt you have. If you own a home, that includes your mortgage. 

Do you have young children?

Providing for them is one consideration that really matters. Without your income, their lifestyle could be dramatically changed. As a loving parent, you want to make sure they can stay in the home they love and not have any other changes in their life. Consider between 7 and 10 years of your income as the standard for life insurance coverage.

If you are looking for life insurance in Hope Hills, NC Cross Creek Insurance is here for you. Stop by our office or give us a call. 

Commercial Insurance Can Protect Your Business

If you have a business or you’re thinking of starting one and you’re in the Hope Hills, NC area, Cross Creek Insurance can help with your commercial insurance needs. Depending on the type of business you have, there are different kinds of insurance coverage options to consider. Most businesses need insurance, especially if they have employees working on-site or customers coming through their doors. Someone who works online from home might not need coverage, but it can also depend on the type of business they have.

Rather than take the chance of not being covered when you need to be, it’s much better and safer to work with a knowledgeable agent so you can have the protection your business deserves. Then if an employee or customer ever makes a claim against your business for an injury or other issue, you can have some peace of mind in knowing that you have coverage. The best way to feel secure in your insurance policy choices is to talk to professionals and get the needed information so you can make the right coverage decision. Then you can get back to focusing on operating your business instead of worrying about insurance.

Reach out to us at Cross Creek Insurance today, if you’re in the Hope Hills, NC area and need a commercial insurance policy. Whether you have a policy on your existing business or you’re starting a business and need to find out what insurance options you have, we’re here to help you get the information and coverage you’re looking for. It’s not just the peace of mind that comes with insurance, but also the protection and security that’s so important. By working with us, you can find the right type of coverage so you can get on with building your business.

Will Home Insurance Cover Lightning Damage?

The exclusions and covered hazards on your insurance policy generally come down to the cause of damage, rather than what was damaged. So if your Hope Hills, NC home is hit by a car, that’s probably covered no matter where the car hit your home or what sort of damage it did. But flooding will have to be covered by flood insurance.

So what about lightning?

Good news: It’s probably covered.

Different home insurance policies have different exclusions, so you’ll have to check your policy and make sure, and call your agent and ask if you can’t find it listed anywhere. But by and large, you can expect that your home insurance policy does cover lightning damage.

If you’re wondering how much damage lightning can really do, well, lightning heats the surrounding air up to a temperature of about 50,000 degrees Fahrenheit. So to say it can do a lot of damage is an understatement. It’s like launching a flaming cannonball into someone’s home.

50,000 degrees Fahrenheit, by the way, is hotter than the surface of the sun. The good news is that it’s usually raining, so a home struck by lightning might not burn down. But it only takes 50,000 degrees a fraction of a second to do a lot of damage.

If you have any questions or you’re looking to get covered in Hope Hills, NC, get in touch with Cross Creek Insurance. Cross Creek Insurance can get you a good deal on great coverage against everything from lightning and burglary to vandalism and falling trees. Just make sure to read your policy to guarantee your peace of mind.

Common Misconceptions About Auto Insurance

Anyone who drives in Hope Hills, NC carries auto insurance, but not everyone who drives in Hope Hills, NC understands their policy. Here are some of the most common misconceptions about auto insurance:

  • A basic policy will cover you from theft. Actually, a legal-minimum policy doesn’t protect you from anything except liability. It’s only there to make sure that the other party’s losses are covered if you are found to be at fault in an accident. To cover your own car, you will need a more robust policy.
  • Your policy will cover your car no matter what you use it for. There are some major exceptions to your policy’s coverage. Obviously, you can’t take your Honda to the drift track unless you have clearance from your insurer, and business use is limited. Make sure to call your insurer and ask before doing anything you’re unsure of.

If you’re looking for a provider, or if you have any questions, get in touch with Cross Creek Insurance. When looking for an insurer, you need to find an agency that will help you to get a policy that matches your lifestyle, your needs, and your budget. And that is exactly what Cross Creek Insurance is here to help you do.

Protect Your Loved Ones With a Life Insurance Policy

Having life insurance is one of the best ways to show your family how much you care about them. That’s because this kind of insurance isn’t to protect you but to protect the people you love if you pass away. When you choose a quality life policy you’re letting your loved ones know that you want to keep them safe and make sure they have what they need even if you’re not able to provide for them any longer. If you’re in the Hope Hills, NC area, Cross Creek Insurance can help you find the right policy for your needs.

The level of insurance you choose for your family’s protection will depend on several factors, and it’s easier to figure out what kind of policy will be best for your situation if you work with a trusted agent. Our dedicated professionals are focused on helping you make the right choice, so you have peace of mind and feel good about the policy you choose. Then you can just enjoy the time with your family, knowing that you’re taking good care of them in all the ways that matter. 

There’s so much to explore in the Hope Hills, NC area, and when you’re not spending any time worrying about life insurance issues you can get out and enjoy the area more. By reaching out to us today at Cross Creek Insurance, you can get the help and information you need to find the right insurance policy for your needs. We’re here and ready to help, so you can have proper coverage and make sure the people you love are protected in the event of your death. People don’t like to think about passing away, but getting good insurance to protect your family could help make your worries over that event much smaller.

Required Commercial Insurance in North Carolina

When you have a small business in North Carolina, there are certain types of insurance that you are required to have to meet state requirements. If you need commercial insurance for your business, call us at Cross Creek Insurance in Hope Hills, NC.

Workers’ Compensation

If your business has at least three employees, it is required that you have workers’ compensation insurance for your employees. This is required whether your employees are part-time or full-time. This insurance coverage pays for the medical bills for employees who have an accident while working or get ill from something at work. This helps to protect your business by paying these bills instead of the business having to come up with steep bills. It also protects the employees. They know that if they should have an accident, the bills will be covered. 

Commercial Auto

If a vehicle in North Carolina is owned by a business of any size, it must have a commercial auto insurance policy. This policy has a set minimum amount for bodily injury liability for one person as well as another figure for the injury liability for the entire accident. There is another minimum amount required for property damage liability for an entire accident. This does not include any coverage for the business’ car- it pertains to third parties. There is also a set minimum amount of uninsured motorist coverage for each person in the accident and another amount for the entire accident. There is another set minimum amount required for property damage for the accident. 

Get Your Commercial Insurance

If your business needs to be insured, call us at Cross Creek Insurance in Hope Hills, NC. Make an appointment with an agent to discuss your business insurance needs.